Attachments: Trading Made Simple

Trading Made Simple

#69,361
Jun 5, 2016 6:16am Jun 5, 2016 6:16am

luvene
| Joined Sep 2013 | Status: Trader | 356 Posts

Thanks LazyLobster. You are saying that when you trade on Dailies, the best thing you can do is looking at 05.00 PM EST which is 09.00 AM Sydney, right? My demo account starts Dailies at this time (my time is 11.00 PM), I take advantage of it.

In fact trading on the 4H it's also the best time to start, that's what you're saying too. I've read your post several time, I understand the thoughts behind

When I go into position on the 4H I will look what the position at 03.00 PM is doing. At that time I decide what I am gonna do. Eelfranz was doing the same I read somewhere. Most of the time he closed his open positions but sometimes he doesn't.

Of course I don't forget Money Management and other important issues. For the record, it's not a beginning of my trade plan. In fact I was always a short term trader, focusing on 1 and 5M frames on ES future and in Europe on ESTX50 and DAX. Very nervous trading. I am still doing this but I want to do something complete different. Occasionally I was landing on this topic and I read the first pages of this tremendous topic in which Eelfranz explains his method. Like myself he was trading too on fast timeframes and it brings him nothing..... He turned completely and that's what I want to do myself.

Regards,
Johan

Keep it simple without too many crappy indicators!

#69,362
Jun 5, 2016 9:14am Jun 5, 2016 9:14am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

Quoting emmanuel7788

Disliked

{quote} AUDUSD Week 22 Consolidation breakout setup. {image} still possible to catch this setup with SL below the consolidation area. be aware it is counter the recent big move down and this can only be a correction of that big move.... no reversal until we see that on weekly. do your %risk and position sizing.

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Quoting emmanuel7788

Disliked

EURUSD Week 22 June 2 Daily: Possible to take a counter trend trade with %risk and position sizing. {image}

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AUDUSD and EURUSD:

My trade plan for next week.
We have seen a nice bullish breakout on NFP Friday for these pairs. The dominant trend is still down and there is no reversal seen yet but we can trade the continuation of last week' bullish candle with ME/ME. For those learning and demo practice with ME/ME, these are good example how you can practice next week. Trade entry is when week open when NY open in few hours. Post your charts with demo trades and ask any questions and I will explain as the week progresses and the trade management. I will post update if there is risk and smart cut-loss levels on Day charts.

Also GBPCAD is good candidate for ME/ME demo practice next week.

Should be interesting weeks ahead with US rate hike in rumour after last Friday' weak data and BREXIT on June 23. Should be good weeks with lots of volatility good for learning and practice on demo.

Trade Well and Trade Safe, "Cut Losses Short" and "Let Profits Run" is our ME/ME trading.

Attached File(s)

Week 23 trade plan AU EU GC.pdf 304 KB | 909 downloads

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#69,363
Jun 5, 2016 11:08am Jun 5, 2016 11:08am

Ren1058
| Joined Feb 2016 | Status: Trader | 507 Posts

Quoting efestus

Disliked

Good Day Dear Beloved Traders, And Top of the weekend to you all. I happened to have entered this AU trade in the running of the week, I still do not understand why the trade went on a reversal at that points. Could someone help shed some light into it? I am thankful in advance. Regards, EF {image}

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maybe this:

Attached Image

#69,364
Jun 5, 2016 2:24pm Jun 5, 2016 2:24pm

ladharimoham
| Joined May 2014 | Status: Learn until you master ! | 105 Posts

Quoting emmanuel7788

Disliked

{quote} Nothing has changed to this simple and elegant trading method. Some members have added some things to suit their own personal trading style. You may want to start all over a again by following these links below: Here is a quick introduction/summary to this Trading Made Simple thread: Trading Made Simple for beginners : Post#52,707 A short history by pioneer member snarlyjack Post#110...

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Wow , i didn't expected a such reply , Thank you Emmanuel , very interesting i should take a time to rebuild everything in my mind . I was away for one year now , and i'm back with a lot of energy

thank you again

#69,365
Jun 5, 2016 7:19pm Jun 5, 2016 7:19pm

caah
| Joined May 2016 | Status: Trader | 37 Posts

Morning All - An indicator is displaying error message and slowing platform down. Error displayed in expert tab on one MT4 Platform- FXPro. Indicator is pipware-charts, error message displayed "GBPUSD,H4: zero divide". I have same indicator installed on AxiTrader and indicator is fully operational.

This morning i re-installed pipware chart indicator from TMS forum and error message returned.

Question is- given your vast experience can you provide any suggestions?

Many thanks
Craig H

#69,366
Jun 5, 2016 8:33pm Jun 5, 2016 8:33pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

Quoting caah

Disliked

Morning All - An indicator is displaying error message and slowing platform down. Error displayed in expert tab on one MT4 Platform- FXPro. Indicator is pipware-charts, error message displayed "GBPUSD,H4: zero divide". I have same indicator installed on AxiTrader and indicator is fully operational. This morning i re-installed pipware chart indicator from TMS forum and error message returned. Question is- given your vast experience can you provide any suggestions? Many thanks Craig H

Ignored

Hi Craig,

I am not sure what casued the problem with FxPro platform. But there is build 970 update on MT4 over the weeked but I don't think that is the cause because mine is running without any error.

Anyway, did you download the pipware v7.0 version from this post link provided?
http://www.forexfactory.com/showthre...30#post8908430

Try it and re-start your MT4 platform.

regards,

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#69,367
Jun 5, 2016 8:44pm Jun 5, 2016 8:44pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

Quoting efestus

Disliked

Good Day Dear Beloved Traders, And Top of the weekend to you all. I happened to have entered this AU trade in the running of the week, I still do not understand why the trade went on a reversal at that points. Could someone help shed some light into it? I am thankful in advance. Regards, EF {image}

Ignored

Hi EF,

you have your TDI Pro version running, why not use the APB_Pro version which has the PAC? Use this APB and PAC to look for higher probability trade setups.

also use that TDI MBL yellow line for your H1 trading. Chose your own trading style carefully. Read these:
Choose your trading styles using the TDI – Scalping, Active and Moderate
Post#24,705, Post#23,486, Post#24,912, Post#51,153, Post#51,299, Post#56,578 Post#57,351, Post#57,394

when you trade H1, that is very short term trading, make sure you have your stop loss and exit your H1 trades in that same trading day and avoid rollover your trades to the next day unless you see the price action and can convert your h1 trade to either 4H swing or Day Position trades.

I have some doubts the way you open multiple trades in H1. Unless you have good reason why you did that, I suggest you review your money management strategy and do proper risk % and position sizing for your H1 trading.

regards.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#69,368
Jun 5, 2016 9:10pm Jun 5, 2016 9:10pm

pete.alfa
| Joined Dec 2007 | Status: Trader | 560 Posts

Hi Emmanuel & TMS friends,

Anyone is interested in $1mil contest over 12 months(it is starting right now June. So be quick!!!!!)
Each month have price $50,000. PM me no need to deposit money to open account (they give you $30 free to trade for real account but can not draw that money). They provide you $20,000 virtual money for contest. It is the ASIC regulated broker. I'm using for nano account(they are ok).
Due to I don't want to put this thread in to commercial section so I can't tell you the broker name here.
See you... have to go to work............

Best regards,

#69,369
Jun 5, 2016 9:22pm Jun 5, 2016 9:22pm

caah
| Joined May 2016 | Status: Trader | 37 Posts

Quoting emmanuel7788

Disliked

{quote} Hi Craig, I am not sure what casued the problem with FxPro platform. But there is build 970 update on MT4 over the weeked but I don't think that is the cause because mine is running without any error. Anyway, did you download the pipware v7.0 version from this post link provided? http://www.forexfactory.com/showthre...30#post8908430 Try it and re-start your MT4 platform. regards,

Ignored

Thanks Emmanuel for quick response. Following your guidance i reloaded pipware v7, re-started MT4 and same error occurs. If it continues to cause issues i will load TMS on another brokers platform.

In addition i see EURAUD bullish sentiment, main reason why displaying chart is monthly, weekly, daily all in sync (PA above 10 & 50 ema's). Emmanuel am i correct to suggest if initial move was missed, wait for pullback on lower timeframe charts- H1.

Enjoy the week.

Attached Image (click to enlarge)

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Name: EA Week 6-6-16.JPG
Size: 175 KB

#69,370
Edited 4:29am Jun 6, 2016 1:32am | Edited 4:29am

LazyLobster
| Joined Oct 2011 | Status: Trader | 227 Posts

"IN CASH WE TRUST"

#69,371
Jun 6, 2016 2:11am Jun 6, 2016 2:11am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

Quoting LazyLobster

Disliked

{quote} The daily timeframe is important to anyone trading 1hr and above. What I am saying is that when you are trading the 4hr time frame, you should look at the daily time frame to see if there is any support and resistance, price action, price patterns that are against the position you are about to enter. For instance you might be buying into a beautiful trend on the 4hr, but if you looked on the daily, you would see the 200 moving average sitting just above your position (often a reversal). This could be a big mistake if the currency has been...

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My Currency Trading WatchList is now 16 pairs:

AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD

EURAUD
EURNZD
EURCAD
EURGBP
GBPAUD
GBPNZD
GBPCAD

USDJPY
AUDJPY
EURJPY
GBPJPY

These 16 pair watchlist will give me 5 good trades every week for 4H Swing. No need to overtrade and not need to aim for high win rate above 70 percent. Your risk percent management with position sizing and your exit strategy and a high Expectancy is what that matters more than win rate alone.

I use the TMS Monitor to provide me the setup alerts without the need to monitor my charts that often.

Attached Image (click to enlarge)

Click to Enlarge

Name: TMS Monitor overview.png
Size: 39 KB

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#69,372
Jun 6, 2016 2:15am Jun 6, 2016 2:15am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

Quoting pete.alfa

Disliked

Hi Emmanuel & TMS friends, Anyone is interested in $1mil contest over 12 months(it is starting right now June. So be quick!!!!!) Each month have price $50,000. PM me no need to deposit money to open account (they give you $30 free to trade for real account but can not draw that money). They provide you $20,000 virtual money for contest. It is the ASIC regulated broker. I'm using for nano account(they are ok). Due to I don't want to put this thread in to commercial section so I can't tell you the broker name here. See you... have to go to work...............

Ignored

I know you mean Prize $50,000. That's attractive even if I have to trade with my own money say $10k deposit. But I can tell you one thing, in such competition, the eventual winner usually end up with above 500% profits.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#69,373
Jun 6, 2016 2:23am Jun 6, 2016 2:23am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

Quoting caah

Disliked

{quote} Thanks Emmanuel for quick response. Following your guidance i reloaded pipware v7, re-started MT4 and same error occurs. If it continues to cause issues i will load TMS on another brokers platform. In addition i see EURAUD bullish sentiment, main reason why displaying chart is monthly, weekly, daily all in sync (PA above 10 & 50 ema's). Emmanuel am i correct to suggest if initial move was missed, wait for pullback on lower timeframe charts- H1. Enjoy the week. {image}

Ignored

Hi,

I have my eyes on this pair for weeks. It needs some big event to move it again. Don't know what that event is but we should be prepared with our money and with a Plan A and a Plan B.

Trade Well and Trade Safe.

Attached File(s)

EURAUD Week 23.pdf 250 KB | 504 downloads

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#69,374
Jun 6, 2016 5:25am Jun 6, 2016 5:25am

bigpips
| Joined Oct 2010 | Status: Trader | 253 Posts

Thanks for insight on how you look at things!

No ME/ME update this week. EA I've been working on expired so trying to sort it.

Quoting emmanuel7788

Disliked

{quote} {quote} AUDUSD and EURUSD: My trade plan for next week. We have seen a nice bullish breakout on NFP Friday for these pairs. The dominant trend is still down and there is no reversal seen yet but we can trade the continuation of last week' bullish candle with ME/ME. For those learning and demo practice with ME/ME, these are good example how you can practice next week. Trade entry is when week open when NY open in few hours. Post your charts with demo trades and ask any questions and I will explain as the week progresses and the trade management....

Ignored

#69,375
Jun 6, 2016 6:20am Jun 6, 2016 6:20am

mizi123
Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts

Quoting emmanuel7788

Disliked

{quote} My Currency Trading WatchList is now 16 pairs: AUDUSD EURUSD GBPUSD NZDUSD USDCAD EURAUD EURNZD EURCAD EURGBP GBPAUD GBPNZD GBPCAD USDJPY AUDJPY EURJPY GBPJPY These 16 pair watchlist will give me 5 good trades every week for 4H Swing. No need to overtrade and not need to aim for high win rate above 70 percent. Your risk percent management with position sizing and your exit strategy and a high Expectancy is what that matters more than win rate alone. I use the TMS Monitor to provide me the setup alerts without the need to monitor my charts...

Ignored

Hi emmanuel7788 your watchlist for monitoring pairs is indicator, if yes can we have it thanx and best regards

#69,376
Jun 6, 2016 6:25am Jun 6, 2016 6:25am

bigpips
| Joined Oct 2010 | Status: Trader | 253 Posts

Hi Mizi,

You can find it here:
http://www.forexfactory.com/showthread.php?t=303347

Cheers

Quoting mizi123

Disliked

{quote} Hi emmanuel7788 your watchlist for monitoring pairs is indicator, if yes can we have it thanx and best regards

Ignored

#69,377
Jun 6, 2016 7:18am Jun 6, 2016 7:18am

mabooz
| Commercial User | Joined May 2016 | 112 Posts

Too all good Friends. Look at my past and now charts. LOL what I was thinking man these 3469 pages really covered with many fluff. people come by drop stuff and indis then leave thread few days later. Its Big E thread

My dark chart style looks soo good especially if you trying to spot that 12-2 , 4-6 angles. I mean after all Big E said TDI is the heart of this whole system.

Attached Image(s) (click to enlarge)